OldLeekConfession

Regarding hedged trading, I've recently received many questions, so I summarized my thoughts. Especially about the strategy known as the "Hedging 65 Method," which has been a topic of discussion.
The core of this strategy is holding both buy and sell positions on the same asset simultaneously. Theoretically, regardless of how the price moves, one side profits while the other incurs a loss, allowing you to survive without setting stop-losses. When the market rises, the long position profits; when it falls, the short position profits. It sounds attractive at first glance, but in reality, it's no

Recently, there has been an increasing discussion about what cryptocurrency burns are. Especially since the London hard fork, after the Ethereum burn mechanism gained attention, this concept has become more familiar.
Simply put, a cryptocurrency burn is the process of sending tokens to an inaccessible wallet address (called a burn address or dead address) to permanently remove them from circulation. Once tokens are sent there, they never return. In theory, anyone can burn coins, but practically it means discarding your own money, so normally the development team executes it strategically.
Why

The impact that tech titan Elon Musk has had on the cryptocurrency market is beyond imagination. Since the moment he publicly disclosed that he owned Dogecoin at the end of 2020, the history of meme coins has changed dramatically. At the time, DOGE was worth about $0.002, but it surged to $0.73 in just 6 months. A rise of 36,500% delivered unbelievable gains to many investors.
Elon Musk also openly talked about Dogecoin in interviews and on SNL, even referring to it as the “people’s currency,” positioning it as a flagship meme coin. His influence is tremendous, drawing millions of new investor

Michael Saylor's name is unavoidable in the crypto market. Recently, it makes us reconsider how much his Bitcoin strategy has influenced the market.
Michael Saylor is the co-founder of MicroStrategy, and he is known not just as a businessman but as a Bitcoin advocate. He started calling Bitcoin "digital gold" because he saw it as a way to protect assets from inflation and government intervention. In fact, he is a tech executive with a degree in aerospace engineering from MIT, and his expertise in data analysis likely strengthened his conviction in Bitcoin.
During the pandemic era of 2020, Mich

What is KDJ? Many traders surprisingly don't fully understand it. Actually, this indicator was developed by George Lane as a technical analysis tool for the futures market, and it’s a sophisticated indicator that not only determines overbought and oversold conditions but also integrates the concepts of momentum and the advantages of moving averages.
KDJ originally evolved from the KD indicator, which was based on the William %R indicator. It consists of three curves: the K line, the D line, and the J line, each with different rates of change. The J line moves most sensitively, followed by the

Recently, there has been an increase in questions about cryptocurrency burns. What is a burn? How is it different from buybacks? These questions. Actually, these two mechanisms are important tools used to manipulate the value of crypto assets, and projects often use them as common strategies.
First, the basics. A cryptocurrency burn is when tokens are sent to an inaccessible wallet address, permanently removing them from circulation. It doesn't mean they disappear from the blockchain; instead, they are transferred to a zero address and become essentially unusable. Since the supply decreases, t

If you trade perpetual contracts, you’ve definitely seen the funding rate. This is, in fact, a mechanism designed to keep the overall balance of the market.
Put simply, the funding rate is the fee that’s exchanged periodically between long and short traders. When the price of a perpetual contract deviates from the spot price, it triggers to close that gap. If it’s positive, the long side pays the fee; if it’s negative, the short side pays. The idea is to bring the price back to its proper level.
There are two major factors that determine the funding rate. One is the interest rate, which reflec

暗号市場で稼ぐなら、流入とは何か、そして流出がどう機能するかを理解することが本当に重要だと最近気づかされた。多くの人がこれを見落としてるんだけど、実は市場の動きを先読みするための強力な指標になってる。
簡単に言うと、流入は投資家が取引所にビットコインやアルトコインを送金してくる状態。逆に流出は引き出してく状態。この二つの動きが価格にどう影響するかを知ってるだけで、トレーディングの精度がかなり変わってくる。
流入が増えるってことは、売却準備が進んでる可能性が高い。供給が増えるのに需要が同じなら、当然価格は下がりやすくなる。実際、2024年5月にKrakenで28,000 BTC（当時約16億ドル相当）が一気に流出した時、ビットコインの価格は69,500ドルを超えてたけど、その後の市場反応をよく見てると流動性の動きがどれだけ重要かが分かる。
一方、流出が大きくなるのは長期保有の意思表示。投資家が資産を個人ウォレットやDeFiプラットフォームに移してる時は、短期的な売却圧力が減ってるってことになる。これは価格上昇の潜在的なシグナルになり得る。
2021年のブルラン中は、某大型取引所での流入と流出が劇的に変動して、かなりのボラティリティが生まれた。あの時期を見てると、流入と流出の監視がいかに市場センチメントを反映してるかが明確に分かる。
実際にこれを追跡するなら、Glassnode、Cry

Dubai shook. It was on the day when the Middle Eastern sky was engulfed in fire at the end of last month.
One of the world's major international airports was forced to shut down overnight. Dubai and Abu Dhabi, the two main hubs of the UAE, were simultaneously bombed. The place that handled 1,200 flights daily suddenly turned into a battlefield. The status of the super hub connecting Eurasia and Africa also lost its meaning that day.
The first thing Wu, a Chinese developer on site, noticed was the sound outside the window. Three thuds—bang, bang, bang. From his previous experience in Lebanon an

Flare Network is up and running. I heard the news that they released a wrapped token called FXRP, which allows for full-scale use of XRP in DeFi. I think this is actually a very significant development.
Originally, XRP was a token created primarily by Ripple, with limited smart contract functionality. Therefore, integrating with DeFi protocols was difficult. But through FXRP, it becomes possible to go beyond those limitations and conduct trading, lending, and liquidity provision within the Flare ecosystem. The mechanism involves XRP holders depositing collateral into Flare’s independent agent

Core Scientific issuing $3.3 billion in senior secured bonds is a pretty big move. Due in 2031, the company says it will use almost all of its assets as collateral. They seem to be using the proceeds to repay short-term borrowings, but at the same time, it looks like they’re making a serious shift toward an AI-focused hosting business. Other major mining firms like Riot Client are also pivoting their operations, but Core Scientific will likely use this financing to accelerate the expansion of its data centers. What’s particularly interesting is their plan to sell nearly all of their Bitcoin by

It seems that Celer has started supporting UniChain on cBridge. Now, ETH can be directly transferred between UniChain and 12 other chains. That means connecting with Ethereum, Polygon, BNB Chain, and others.
UniChain is a fast chain based on the OP Stack, with a block time of 1 second. It appears to have a community-focused economic model, so the flow of liquidity into cBridge is likely to increase significantly.
What’s interesting is that Celer is also providing rewards. They are distributing 5,480 CELR daily to LPs on cBridge. The fact that there’s no expiration suggests long-term support. T

Recently, I noticed an interesting development happening in the stablecoin market. It's led by Anchorage, but financial institutions and major tech companies are all starting to move into digital asset issuance.
According to the CEO of Anchorage during the consensus conference, since the GENIUS bill was passed, about 20 banks and major tech companies are lining up to issue their own stablecoins through the company. In other words, Anchorage almost monopolizes the main stablecoin issuance licenses in the market. The customer base is also quite interesting, ranging from banks with specific manag

What We’ve Learned from YC’s 199 Demo Day Companies. Honestly, I didn’t imagine that the “common sense” of startups I thought I already knew had changed this much.
AI is no longer just one category. 60% of the companies are AI-native, and another 26% are AI-enabled. In other words, only 14% are not using AI. The important question isn’t “Are you using AI?” but rather “How did you achieve what was impossible with traditional methods using AI?”
Another way to put it is that the “co-pilot era” is over. The current trend is the “full replacement” by AI agents. Automating jobs that pay $80k a year

Recently, I found myself thinking again about what kind of person Elon Musk is. If I had to put his secret to success into a single sentence, I’d say it’s curiosity and a spirit of adventure.
As he explained in an interview, his philosophy is simple. It’s a continuous willingness to question how the world works—and to push forward even to the point where others give up and decide something is impossible. That mindset has led him to take on challenges in seemingly completely different areas, such as Tesla, SpaceX, the AI field, and brain-computer interface technologies.
To understand what Elon

Berkshire Hathaway's annual shareholders meeting opened in Omaha on Saturday, marking a major turning point not seen in 60 years. What drew attention was Warren Buffett finally stepping back from the spotlight, with CEO Greg Abel taking the lead in hosting the Q&A session for the first time.
This is actually a highly symbolic moment. Although Buffett, at 95, took his seat as chairman, Abel took control of the proceedings, with top managers from BNSF Railway and NetJets lined up on stage. In other words, Berkshire's authority is no longer dependent on individual charisma but is shifting toward

While Ripple announced a $750 million share buyback, XRP continues to fall. Seeing this strange divergence makes clear the fundamental contradictions of the cryptocurrency market.
At the corporate level, good news keeps coming out one after another. Ripple’s market capitalization is expected to rise to about $5 billion, and management is sending bullish signals to the market. Share buybacks increase earnings per share and effectively enhance the value for existing shareholders. There are also examples of major tech companies like Apple and Google using similar strategies to stabilize market se

I'm concerned about Jasmy's movements, but I recently came across news about the risk of delisting and I'm a bit worried. It seems that it has been nominated for delisting in a vote on a major exchange, and the voting turnout is quite high. If it is officially delisted, there's a high possibility of panic selling causing a sharp drop.
The current price is $0.01, down about 1.36% over 24 hours. However, looking at the 7-day chart, there's a +26.97% increase, indicating a short-term rebound trend. From a technical perspective, the RSI is at 58.69, signaling a buy, and the moving averages also su

When you look at the wealth ranking of billionaires on the blockchain, something becomes clear all over again: the staggering scale of Satoshi Nakamoto’s assets.
According to Arkham’s data, the assets held by Bitcoin’s creator, Satoshi Nakamoto, reach $115 billion. This immense fortune, spread across 22,000 addresses mined between 2009 and 2010, is at a level that would put him in the world’s top 20 even on the Bloomberg Billionaires Index. However, since nobody can be sure whether Satoshi Nakamoto is an individual or a team, there’s room for debate as to whether this should be included in the

I've been looking at the latest report from Ark Invest, and I realized that the way we evaluate Bitcoin's value has really changed over the past few years.
In the report, they predict that by 2030, Bitcoin's market capitalization will reach $16 trillion. Currently, it's around $1.6 trillion, which means nearly a tenfold growth. When calculated annually, that's about a 63% compound growth rate. They see the accelerated adoption by institutional investors as the main driving force.
Ark, led by Cathy Wood, points out that Bitcoin is evolving from a mere speculative asset to "digital gold." In fac